Follow The Daily Ticker on Facebook! Thursday brought a raft of data pointing toward a global economic slowdown, including: Markit PMI for Europe falling to 45.9 from 46.7 in April while the May German IFO business confidence hit a six-month low and the U.K. reported a steeper-than-expected drop in third-quarter GDP. Meanwhile, HSBC’s flash manufacturing [...]
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Follow The Daily Ticker on Facebook! Can Meg Whitman save Hewlett Packard? The former eBay executive who was hired as H-P chief last September announced the company would lay off about eight percent of its 300,000 workforce over the next two years, one of many changes that are coming to the troubled personal computer maker. [...]
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As automakers continue to load vehicles with the features and functionality people expect from their portable devices, the in-dash user interface has become a branding battleground ? and the Achilles? heel of the increasingly connected car.
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Thursday brought a raft of data pointing toward a global economic slowdown, including: Markit PMI for Europe falling to 45.9 from 46.7 in April while the May German IFO business confidence hit a six-month low and the U.K. reported a steeper-than-expected drop in third-quarter GDP. Meanwhile, HSBC’s flash manufacturing PMI fell to 48.7 in May, [...]
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Senator Bernie Sanders (I-VT), like many observers, views JPMorgan’s loss — $2 billion and counting — as a warning shot about the risks in the banking system. There’s even more concentration of assets in the banking sector now than prior to the 2008 crisis and the five-largest U.S. banks control over 50% of the industry’s [...]
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Follow The Daily Ticker on Facebook! There is a lot of finger pointing going on about Facebook’s initial public offering last Friday. A lot of attention is being focused on the social media giant’s Chief Financial Officer David Ebersman, who decided to increase the number of shares offered to investors by 25 percent days before [...]
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This is from Mastery and Mimicry by Sep Kamvar
When the mechanical clock was invented, one of its early uses was to set the arrival and departure times of factory workers during the industrial revolution. At the time, people hated the idea of getting to work at a certain time; it felt like the ultimate victory of machine over man. Now, it’s seen as responsible behavior.
We see this pattern time and time again, with the latest being discomfort with social media. I never tire of reading and sharing examples of how new technologies are first feared before being assimilated into daily life and becoming normal.
Thanks to Fred Wilson for the pointer. Sep has written a whole series of mini-essays which are worth reading. It won’t take you long.
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